Billabong ▲ +0.015 | PPR ▲ +1.55 | American Apparel ▲ +0.001 | The Buckle ▲ +0.41 | Columbia ▲ +0.28 | Deckers Outdoor ▼ -0.79 | Dicks ▲ +1.05 | Foot Locker ▲ +0.17 | Genesco ▼ -0.28 | Iconix Brand Group ▼ -0.09 | Jarden Corp ▼ -0.89 | Nordstrom ▲ +1.07 | Luxottica ▼ -0.09 | Nike ▼ -0.25 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.35 | Sport Chalet ▼ -0.05 | Urban Outfitters ▲ +0.07 | VF Corp ▲ +0.52 | Quiksilver ▼ -0.15 | Zumiez ▼ -0.03 | Macys ▲ +0.60 | Tillys ▼ -0.16 |
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Dick's Q1 results exceed expectations

Dick's Q1 results exceed
By Tiffany Montgomery
May 18, 2010 6:00 AM

Dick’s Sporting Goods reported stronger than expected same store sales and profits this morning for the first quarter ended May 1.

As a result, the company raised earnings estimates for the year.

Q1 results

Net sales: up 9.9% to $1 billion

Total same store sales: up 8.2% vs. its forecast of a 2% to 3% increase.

Dick’s stores same store sales: up 7.6%

Golf Galaxy stores: up 12.4%

E-commerce same store sales: up 15.2%

Net income: $26.2 million, more than doubling vs. the same period last year.

Cash: $207 million

Long term debt and leasing obligations: $141 million

New stores: 5

Total stores: 424 in 41 states

Q2 forecast

Same store sales: up 4% to 5%

Full year forecast

Earnings per share of $1.41 to $1.44 vs. previous estimate of $1.32 to $1.35.

Same store sales: up 3% to 4%

New Dick’s stores: 24



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